https://www.taxtmi.com/caselaws?id=181089 The Tribunal upheld the decision allowing exemption under section 11 of the Act for a trust's income primarily derived from exhibitions, considering it incidental to the trust's objectives. The trust maintained separate books of accounts for exhibitions, meeting the conditions for exemption. The Tribunal found the income from exhibitions should be exempt under section 11, as it was deemed incidental to the trust's objectives. The Assessing Officer was directed to recompute the total income considering the exemption for the trust's exhibition income, emphasizing the importance of maintaining separate accounts for activities seeking exemption under section 11. en-us Wed, 06 Jul 2011 00:00:00 +0530 Thu, 07 Apr 2016 10:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181089 The Tribunal upheld the decision allowing exemption under section 11 of the Act for a trust's income primarily derived from exhibitions, considering it incidental to the trust's objectives. The trust maintained separate books of accounts for exhibitions, meeting the conditions for exemption. The Tribunal found the income from exhibitions should be exempt under section 11, as it was deemed incidental to the trust's objectives. The Assessing Officer was directed to recompute the total income considering the exemption for the trust's exhibition income, emphasizing the importance of maintaining separate accounts for activities seeking exemption under section 11. Case-Laws Income Tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181089